May 2010 MLS Statistics

As the national statistics are released, it appears there is a slowdown in sales in the major markets (Toronto and Vancouver). This is obviously due to some high prices that apparently people are not prepared to pay any more. I don't think this applies locally. The stats say that we're marginally behind May in 2009, but, I remember that after our mini-recession, May was an excellent month last year. I think we're still boom mode here.
Here is the article in Saturday's Waterloo Region Record with some more detail.

Here are the statistics for May 2010:

	K-W This Month	K-W Last Year	Cambridge This Month	Cambridge Last Year
Avg. Sale Price	$ 294,307	$ 269,710	$285,059	$265,455
Percentage Change	+9.1%		+7.3%
Properties Sold	653	703	277	290
New Listings/Sales Ratio	58.5%	66.5%	54.1%	59.3%
Properties For Sale Now	1312	1549	931	1117